J & J Snack Foods Corp (NASDAQ:JJSF) – Equities research analysts at William Blair reduced their FY2018 EPS estimates for shares of J & J Snack Foods in a research note issued to investors on Wednesday, October 17th. William Blair analyst J. Andersen now expects that the company will post earnings of $4.47 per share for the year, down from their previous estimate of $4.55. William Blair also issued estimates for J & J Snack Foods’ Q4 2018 earnings at $1.25 EPS.
J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, July 30th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.12). The firm had revenue of $306.20 million during the quarter, compared to analyst estimates of $312.55 million. J & J Snack Foods had a net margin of 9.06% and a return on equity of 11.36%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS.
Shares of JJSF stock opened at $153.80 on Friday. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 3.01 and a beta of 0.53. J & J Snack Foods has a one year low of $125.98 and a one year high of $159.05.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Friday, September 14th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Thursday, September 13th. J & J Snack Foods’s dividend payout ratio is presently 42.76%.
In other news, SVP Dennis G. Moore sold 5,250 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $145.14, for a total transaction of $761,985.00. Following the completion of the sale, the senior vice president now owns 80,877 shares in the company, valued at approximately $11,738,487.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 21.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc bought a new position in J & J Snack Foods during the second quarter worth about $206,000. Advisor Partners LLC bought a new position in J & J Snack Foods during the second quarter worth about $217,000. Dynamic Technology Lab Private Ltd bought a new position in J & J Snack Foods during the second quarter worth about $220,000. Whittier Trust Co. of Nevada Inc. increased its position in J & J Snack Foods by 40.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,651 shares of the company’s stock worth $252,000 after acquiring an additional 472 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in J & J Snack Foods during the first quarter worth about $236,000. Institutional investors own 69.70% of the company’s stock.
J & J Snack Foods Company Profile
J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
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